P.A.M. Transportation Services (NASDAQ:PTSI) Downgraded by StockNews.com

StockNews.com lowered shares of P.A.M. Transportation Services (NASDAQ:PTSI) from a buy rating to a hold rating in a research report sent to investors on Friday.

Several other research firms have also commented on PTSI. TheStreet lowered P.A.M. Transportation Services from a b- rating to a c+ rating in a report on Thursday, February 1st. Stephens dropped their price objective on P.A.M. Transportation Services from $19.00 to $17.00 and set an equal weight rating on the stock in a report on Friday, April 19th.

P.A.M. Transportation Services Stock Performance

NASDAQ:PTSI opened at $17.24 on Friday. The firm has a market capitalization of $379.80 million, a PE ratio of 28.26 and a beta of 1.07. The business’s fifty day moving average price is $16.04 and its 200 day moving average price is $18.29. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.83 and a quick ratio of 1.81. P.A.M. Transportation Services has a 12 month low of $13.51 and a 12 month high of $28.77.

P.A.M. Transportation Services (NASDAQ:PTSI) last posted its earnings results on Thursday, February 1st. The transportation company reported ($0.10) EPS for the quarter. The business had revenue of $180.17 million during the quarter. P.A.M. Transportation Services had a net margin of 1.75% and a return on equity of 4.29%.

Hedge Funds Weigh In On P.A.M. Transportation Services

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets grew its holdings in shares of P.A.M. Transportation Services by 38.9% during the first quarter. BNP Paribas Financial Markets now owns 2,986 shares of the transportation company’s stock worth $48,000 after buying an additional 837 shares during the last quarter. Horrell Capital Management Inc. grew its holdings in shares of P.A.M. Transportation Services by 0.5% during the first quarter. Horrell Capital Management Inc. now owns 117,484 shares of the transportation company’s stock worth $1,904,000 after buying an additional 588 shares during the last quarter. Denali Advisors LLC grew its holdings in shares of P.A.M. Transportation Services by 30.5% during the first quarter. Denali Advisors LLC now owns 23,100 shares of the transportation company’s stock worth $374,000 after buying an additional 5,400 shares during the last quarter. Pinnacle Holdings LLC grew its holdings in shares of P.A.M. Transportation Services by 8.3% during the fourth quarter. Pinnacle Holdings LLC now owns 43,645 shares of the transportation company’s stock worth $907,000 after buying an additional 3,361 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC purchased a new position in shares of P.A.M. Transportation Services during the fourth quarter worth about $208,000. Hedge funds and other institutional investors own 22.06% of the company’s stock.

P.A.M. Transportation Services Company Profile

P.A.M. Transportation Services, Inc, through its subsidiaries, operates as a truckload transportation and logistics company in the United States, Mexico, and Canada. The company operates a truckload dry van carrier that transports general commodities, such as automotive parts; expedited goods; consumer goods, such as general retail store merchandise; and manufactured goods, including heating and air conditioning units.